Investor Opportunity - A+ Class Property at Emerald Dunes WPB This exceptional unit comes with reliable long-term tenants for 9yrs+, Rent New Roof paid for The list price reflects a''going-in'' cap rate of over 6% compared to about 3% for cash in the bank for this A+ class property, a strong performer in Florida's hot market With interest rates on a downward cycle, these cap rates become increasingly attractive, driving upward pressure on condo values. Located just 15 minutes west of downtown, Emerald Dunes is one of the most sought-after gated communities in the area. Residents enjoy 24-hour patrolled security and world-class amenities including two resort-style pools two fitness centers a meditation garden theater room billiards room business cente library, tennis courts, and BBQ picnic areas. Everyday conveniences such as grocery stores, banking, the Turnpike, and I-95 are all close by. Florida continues to experience strong in-migration, with the population increasing by 467, 347 residents from 2023 to 2024an average of 1, 280 people every day! This steady demand contributes to the strength and long-term appreciation potential of properties like this. Income and Expenditure statements for the previous 12 months are available upon request.
Property Features
Bedrooms
- Bedrooms: 1
- Bedrooms On Main Level: 1
- Primary Bedroom Level: 2
Bathrooms
- Total Bathrooms: 1 / 0
- Full Bathrooms: 1
- Bathrooms On Main Level: 1
- Primary Bathroom Features: Combo Tub/Shower, Dual Sinks
Interior Features
- Built-in Shelves
- Closet Cabinets
- Fire Sprinkler
- Pantry
- Roman Tub
- Walk-in Closet
- Furnished Description: Unfurnished
- Flooring: Tile
Appliances
- Auto Garage Open
- Cooktop
- Dishwasher
- Fire Alarm
- Freezer
- Ice Maker
- Microwave
- Refrigerator
- Smoke Detector
- Washer
- Water Heater - Elec
- Laundry Features: Washer and Dryer
Other Rooms
- Laundry-Util/Closet, Storage
- Living Room Level: 2
- Living Room Features: See floor plan attached for actual measurements
- Exercise Room: Yes
Heating and Cooling
- Cooling Features: Central Individual
- Heating Features: Central
Kitchen and Dining
Pool and Spa
- Spa Features: Heated, In Ground
Garage and Parking
- Covered Spaces: 1
- Garage Spaces: 1
- Open Parking Spaces: 1
Manufactured and Mobile Info
- Model: Model Name: Magnolia
Homeowners Association
- Association: Yes
- Association Amenities: Bike - Jog, Billiards, Business Center, Clubhouse, Community Room, Fitness Center, Game Room, Internet Included, Manager on Site, Picnic Area, Pool, Putting Green, Spa-Hot Tub, Tennis, Whirlpool
- Association Fee: 293
- Calculated Total Monthly Association Fees: 293
- Association Name: Mandatory
- Pets Allowed: Restricted
- Pet Description: No Aggressive Breeds, Number Limit
Amenities and Community Features
- Community Features: Gated Community:
Other Property Info
- Annual Tax Amount: 3278.62
- Source Listing Status: Active
- County: Palm Beach
- Directions: From the Turnpike exit West on Okeechobee then right on to Vista Pkwy .First right in to the Emerald Dunes Condo and golf course. Turn right in to Phase 1 and through the gate on the right.
- Tax Year: 2024
- Source Property Type: Residential
- Area: 5580
- Property Subtype: condo
- Source Neighborhood: VILLAS AT EMERALD DUNES CONDO
- Subdivision: VILLAS AT EMERALD DUNES CONDO
- Zoning: PIPD
- Property Subtype: Condo/Coop
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 740
- Year Built: 2005
- Construction Materials: CBS, Concrete, Stucco
- Direction Faces: Southeast
- Entry Level: 2
- Living Area Source: Developer
- Property Age: 20
- Property Condition: Resale
- Levels or Stories: 3.00
- Total Area Sqft: 810
- Year Built Details: Resale
Utilities
- Cable
- Electric
- Public Sewer
- Public Water
- Water Available
- Water Source: Public Water
